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Trending ETFs

Name

As of 06/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$26.39

$182 M

0.09%

$0.02

1.00%

Vitals

YTD Return

17.0%

1 yr return

35.3%

3 Yr Avg Return

13.8%

5 Yr Avg Return

18.4%

Net Assets

$182 M

Holdings in Top 10

51.4%

52 WEEK LOW AND HIGH

$26.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.00%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 10.58%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$26.39

$182 M

0.09%

$0.02

1.00%

BDAIX - Profile

Distributions

  • YTD Total Return 17.0%
  • 3 Yr Annualized Total Return 13.8%
  • 5 Yr Annualized Total Return 18.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.05%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Baron Durable Advantage Fund
  • Fund Family Name
    BARONFUNDS
  • Inception Date
    Dec 29, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alex Umansky

Fund Description

The Fund is a diversified fund that invests primarily in equity securities in the form of common stock of U.S. large‑sized companies. The Adviser defines large‑sized companies as those, at the time of purchase, with market capitalizations no smaller than the top 90th percentile by total market capitalization of the S&P 500 Index at June 30, or companies with market capitalizations above $10 billion, whichever is smaller. The Adviser seeks to invest primarily in what it believes are unique, well-managed, competitively advantaged businesses that generate significant excess free cash flow that is consistently returned to shareholders in the form of stock buybacks and/or dividends.
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BDAIX - Performance

Return Ranking - Trailing

Period BDAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.0% -13.9% 35.5% 63.25%
1 Yr 35.3% -20.3% 64.5% 39.00%
3 Yr 13.8%* -31.2% 25.6% 2.16%
5 Yr 18.4%* -16.7% 29.0% 13.28%
10 Yr N/A* -6.4% 19.7% N/A

* Annualized

Return Ranking - Calendar

Period BDAIX Return Category Return Low Category Return High Rank in Category (%)
2023 45.4% -74.1% 72.4% 11.99%
2022 -24.8% -85.9% 4.7% 12.81%
2021 31.7% -52.4% 60.5% 0.91%
2020 20.2% -34.3% 145.0% 71.74%
2019 41.1% -21.8% 49.4% 0.59%

Total Return Ranking - Trailing

Period BDAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.0% -13.9% 35.5% 63.25%
1 Yr 35.3% -20.3% 64.5% 39.00%
3 Yr 13.8%* -31.2% 25.6% 2.16%
5 Yr 18.4%* -16.7% 29.0% 13.28%
10 Yr N/A* -6.4% 19.7% N/A

* Annualized

Total Return Ranking - Calendar

Period BDAIX Return Category Return Low Category Return High Rank in Category (%)
2023 45.5% -4.6% 72.4% 16.75%
2022 -24.8% -61.7% 5.6% 21.42%
2021 32.2% -39.8% 118.1% 1.90%
2020 20.3% 2.8% 149.2% 93.52%
2019 41.1% -5.2% 49.4% 2.07%

NAV & Total Return History


BDAIX - Holdings

Concentration Analysis

BDAIX Category Low Category High BDAIX % Rank
Net Assets 182 M 242 K 269 B 81.17%
Number of Holdings 33 2 3211 86.94%
Net Assets in Top 10 168 M 109 K 129 B 70.82%
Weighting of Top 10 51.44% 0.7% 205.0% 46.05%

Top 10 Holdings

  1. Microsoft Corp 8.65%
  2. Amazon.com Inc 7.60%
  3. Meta Platforms Inc 7.39%
  4. NVIDIA Corp 4.47%
  5. Visa Inc 4.46%
  6. Alphabet Inc 4.32%
  7. SP Global Inc 3.88%
  8. FIXED INC CLEARING CORP.REPO 3.61%
  9. Intuit Inc 3.59%
  10. Mastercard Inc 3.47%

Asset Allocation

Weighting Return Low Return High BDAIX % Rank
Stocks
96.17% 0.00% 134.69% 90.80%
Other
3.61% -44.39% 50.04% 1.84%
Cash
0.22% 0.00% 173.52% 79.40%
Preferred Stocks
0.00% 0.00% 8.99% 20.42%
Convertible Bonds
0.00% 0.00% 1.94% 8.19%
Bonds
0.00% 0.00% 104.29% 12.97%

Stock Sector Breakdown

Weighting Return Low Return High BDAIX % Rank
Financial Services
32.84% 0.00% 43.06% 0.44%
Technology
31.85% 0.00% 65.70% 64.96%
Healthcare
16.95% 0.00% 39.76% 16.90%
Communication Services
10.21% 0.00% 66.40% 53.43%
Consumer Defense
4.44% 0.00% 25.50% 39.08%
Industrials
2.45% 0.00% 30.65% 86.00%
Basic Materials
1.27% 0.00% 18.91% 48.50%
Utilities
0.00% 0.00% 16.07% 33.71%
Real Estate
0.00% 0.00% 16.05% 70.42%
Energy
0.00% 0.00% 41.09% 56.95%
Consumer Cyclical
0.00% 0.00% 62.57% 99.21%

Stock Geographic Breakdown

Weighting Return Low Return High BDAIX % Rank
US
96.17% 0.00% 134.69% 76.77%
Non US
0.00% 0.00% 74.83% 35.23%

BDAIX - Expenses

Operational Fees

BDAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 0.01% 28.71% 45.78%
Management Fee 0.65% 0.00% 1.50% 55.34%
12b-1 Fee 0.00% 0.00% 1.00% 0.84%
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

BDAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BDAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BDAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.58% 0.00% 316.74% 9.15%

BDAIX - Distributions

Dividend Yield Analysis

BDAIX Category Low Category High BDAIX % Rank
Dividend Yield 0.09% 0.00% 27.58% 39.30%

Dividend Distribution Analysis

BDAIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

BDAIX Category Low Category High BDAIX % Rank
Net Income Ratio -0.05% -6.13% 3.48% 28.73%

Capital Gain Distribution Analysis

BDAIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

BDAIX - Fund Manager Analysis

Managers

Alex Umansky


Start Date

Tenure

Tenure Rank

Dec 29, 2017

4.42

4.4%

Alex Umansky has been the portfolio manager of Baron Global Advantage Fund and Baron Durable Advantage Fund since their respective inceptions on April 30, 2012 and December 29, 2017. In addition, he has been the portfolio manager of Baron Fifth Avenue Growth Fund since November 1, 2011. Prior to joining the Adviser, Mr. Umansky was a co-manager of the Morgan Stanley Opportunity Fund from 2007 to 2011, the Morgan Stanley Global Opportunity Fund from 2008 to 2011, and the Morgan Stanley International Opportunity Fund and the Morgan Stanley International Advantage Fund from 2010 to 2011. Prior to that, Mr. Umansky was the lead manager of the Morgan Stanley Institutional Technology Strategy from 1998-2004 and the Morgan Stanley Technology Fund from 2000 to 2003, and a co-manager of the Morgan Stanley Information Fund from 2004 to 2005. Prior to that, Mr. Umansky was a co-manager of the Morgan Stanley Small Company Growth Fund from 1999 to 2002. Mr. Umansky began his investment management career as a research analyst at Morgan Stanley Investment Management covering technology and business services for Morgan Stanley’s U.S. equity growth products.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.23 3.08